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Starting a DMP - Loan Question
StartingOut
Posts: 35 Forumite
I started the process for a DMP yesterday. I'm waiting for the next step email from CCCS. I just have a question about a loan that will be included.
Whenever we receive a statement it includes all interest for the whole term (which I understand is normal). When I included it in my figures yesterday I used the balance on the last statement. Should I get a redemption figure to give me a clearer idea of what we owe on it without the future interest? Is it likely that we can get the company to freeze interest on a loan in the same way as a CC? We have never missed a payment and have been paying it for just over 3 years, with just under 4 years remaining.
Whenever we receive a statement it includes all interest for the whole term (which I understand is normal). When I included it in my figures yesterday I used the balance on the last statement. Should I get a redemption figure to give me a clearer idea of what we owe on it without the future interest? Is it likely that we can get the company to freeze interest on a loan in the same way as a CC? We have never missed a payment and have been paying it for just over 3 years, with just under 4 years remaining.
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Comments
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Sorry to bounce my own thread. I have just called the loan company and they have given me two figures. One which is what we owe until the end of the term and the settlement figure up to the 20th September. There is a difference of just under £2000. Which should I include on any correspondence with CCCS and with the loan company themselves.0
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